## Macroeconomic Diagnostics (MDS)

## Source details

**Canonical URL:** [Macroeconomic Diagnostics (MDS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2025/mdssa25-51)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2025/mdssa25-51/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2025/mdssa25-51/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2025/mdssa25-51/bundle-manifest.json)

## Bibliographic details
- Session: SA 25.51
- Location: New Delhi, India
- Dates: December 1-12, 2025 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Target audience
- Mid level to senior officials in central banks, ministries of finance/economy or public agencies who diagnose the macro economy and prepare projections/policy analysis.
- Open to government officials from SARTTAC member countries.
- Course delivered in English with workshops using case studies relevant to South Asia.

### Course description — scope and methods
- Strengthens participants' ability to diagnose a country's macroeconomic situation using practical tools applied by IMF economists.
- Coverage includes:
  - Assessment of the current conjuncture.
  - Drivers of growth and the output gap.
  - Inflation dynamics.
  - The stance and transmission of monetary and fiscal policy.
  - Macro financial linkages using financial soundness indicators.
  - External sector analysis, including balance of payments vulnerabilities, exchange rate assessment, and reserve adequacy.
  - Medium term analysis focusing on public and external debt sustainability and risk identification using a simple risk assessment matrix.
- Delivery format: Blends lectures with hands on workshops and case studies to develop a coherent, policy oriented narrative and support application in participants' day to day work.

### Course objectives — competencies upon completion
- Analyze potential output and compute output gaps to diagnose the growth outlook.
- Assess the stance of fiscal, monetary, exchange rate, and macro prudential policies and their consistency.
- Evaluate macro financial linkages using financial soundness and risk indicators.
- Assess external sector conditions (current account, capital flows, exchange rate valuation, reserve adequacy).
- Appraise public and external debt sustainability and medium-term prospects.
- Identify key risks and vulnerabilities and summarize them in a simple risk assessment to inform policy.
- Synthesize findings into a policy consistent macroeconomic narrative for decision makers.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Executive Training 2 on Fiscal Policy Considerations (FPA)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fpcce26-16)
- [Institutional Sector Accounts-Advanced - Blended (ISA-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/hq/2027/isa-ahq27-02)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2025/mdssa25-51_